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Economic activity in the manufacturing sector expanded in September following three consecutive months of slight contraction, according to the latest report on manufacturing by the Institute for Supply Management.
The ISM’s purchasing managers index rose to a reading of 51.5 in September, an increase from August’s reading of 49.6. Readings above 50 indicate growth.
The employment portion of the index rose to a reading of 54.7 in September, up from the 51.6 percent reported in August.